Information on savings
These figures are for demonstration purposes only and do not necessarily reflect the current salaries for the staff grades shown.
Example 1
For an employee on Support Staff Grade 3, earning £18,643 gross per year, using the University nursery full time. The value of the nursery place is £7,892 per year:
| Current salary |
New salary | |
| Salary |
£18,643 (gross) | £10,751 |
| Tax (647L) | £(2,196) | £(718) |
| NI | £(1,093) | £(399) |
| Pension 6.35% | £(1,184) | £(683) |
| Net | £14,170 | £8,951 |
| Less childcare | £(7,892) | |
| TOTAL | £6,278 | £8,951 |
Saving to employee = £2,673 (per year)
Saving to the University = £2,369 (per year)
Example 2
For an employee on Academic or Academic-Related Grade 7, earning £31,671 gross per year, using the University nursery full time. The value of the nursery place is £7,892 per year:
| Current salary |
New salary | |
| Salary |
£31,671 | £23,779 |
| Tax (647L) | £(4,636) | £(3,058) |
| NI | £(2,240) | £(1,498) |
| Pension 6.35% | £(2,011) | £(2,011) |
| Net | £22,784 | £17,212 |
| Less childcare | £(7,892) | |
| TOTAL | £14,892 | £17,212 |
Saving to employee = £2,320 (per year)
Saving to the University = £719 (per year)